06
Video Games vs Record Labels
Posted by Strada | Posted in Business, DIY, Industry | Posted on 06-03-2009
My roomate Scruff just picked up the new Wired magazine ( yes we still buy magazine….for the can!) and the first article, Here it Goes Again: Games like Rock Band pump up music sales. So why record labels want to take the air out? by Jeff Howe pertains to the post I wrote this morning.
“The amount being paid to the music industry, even though these games are entirely dependent on the content we own and control, is far too small.”Edgar bronfman Ceo of Warner music group
…….Guitar Hero and Rock band have become an industry in their own right, raking in more than $2.3 BILLION over the past three years.
Wow that right on the money. They still try to control and maximize any and every profit. The only people trying to stop the sharing of the media are the one in control. The ones that are loosing money from it. This could be a nice income stream for the music industry, like Howe puts it
With more entries to come in the play-along genre, and networked hardware to play them on, the game themselves could evenbecome an online music retail channel to rival with iTunes.
I think the numbers that these games have pulled in the last 3 years could be enough to jusity them as a great opportunity. Why not cooperate with the game studio? Why not open the vault of the label? Yes you will loose some money on the Publishing( lets be real, this side of the business is also dying) but think about all the futur income and possibility it could generate. How many kids knew about Molly Hatchet, Deep Purple or The Who before Rock Band ? Probably not many 7 to 17 years old (teen and tween market segment)…..see my point?
Aerosmith has reportedly earned more from Guitar Hero:Aerosmith than from any single album in the band’s history.
Try to build with these channels instead of aiming for that deal with a major that probably will end up in you making little to no money and not owning the rights to your master recording. INDY all the way baby!
